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What attracts conventional investors to Islamic financial instruments? We answer this question by comparing Malaysian Islamic and conventional security prices and their response to macrofinancial factors. Our analysis suggests that Islamic and conventional bond and equity prices are driven by...
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The principle of Wa'd or promise can be used to structure innovative shariah compliant hedging instruments. Conventional hedging products such as forward currency contracts and currency swaps are prohibited in Islamic Finance principally due to the issue of riba and to the violation of bay...
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production, medical instruments and others. Islamic venture capital has been running in parallel with the mainstream in Malaysia … Malaysia, identifies the regulatory bodies, and the policy initiatives, and the pioneer corporations. In conclusion, it … examines three phases of the development of Islamic venture capital in Malaysia namely, the evolutionary process, the degree of …
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